USD/CAD: Possible Retracement on 61.8%-78.6% FIBO Area
The USD/CAD is clinging to modest gains around 1.3600, having reached the highest levels in three weeks the previous day in the early hours of Tuesday am in Europe. In doing so, the Loonie pair applauds the US Dollar's recent rally while also justifying the WTI crude oil price's drop during lethargic trading hours. The technical component reveals that the price is approaching the 61.8% Fibonacci Level and the 78.6% Fibonacci Level, and this area could be a Strong zone where the price may retrace. If the price in this area develops a Bearish formation / pattern or signal, we will trade short with a stop loss at 1.3750.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.